I am a registered representative. I work for a pretty large firm as a brand new advisor. Last year, my wife and I got divorced and the divorce slammed me with bills that I had put on credit cards. The credit card debt at this point is nearly unmanageable.

If I were to work with my credit card companies for a settlement/consolidation of my debt, would that need to be reported on my U4? Would it potentially cost me my job/registration?

You must report bankruptcy and any settlements with creditors is how it works. I'm positive about the first part, pretty sure about the last part.

Firms are pretty used to this sort of thing, especially in the last 10 yrs or so. Where it could be a problem, is if you were to change firms and they do an extensive background check. It MAY be a problem in that case, but not a complete deal killer. Be honest, in how you handle this, because that is most important on how you may be viewed in the future.

Both a bankrupcty and a compromise wtth a creditor must be reported via an amendment to the U4 within 30 days of the event. I don't think these events are statutory disqualifications. I can't speak for your employer. The reality is that an employer can let an employee go for a reason or for no reason at all. I would be surprised if the employer let you go for a comprmise with a creditor. Here is a list of statutory disqualification that are on FINRA's website:

Based upon the expanded definition of "disqualification," the list of disqualifying events are as follows:

certain misdemeanor and all felony criminal convictions for a period of ten years from the date of conviction.
temporary and permanent injunctions (regardless of their age) issued by a court of competent jurisdiction involving a broad range of unlawful investment activities.
expulsions (and current suspensions) from membership or participation in a self-regulatory organization.
bars (and current suspensions) ordered by the Securities and Exchange Commission (SEC) or self-regulatory organizations.
denials or revocations of registration by the SEC or Commodity Futures Trading Commission (CFTC).
findings that a member or person has made certain false statements in applications or reports made to, or in proceedings before, self-regulatory organizations.
any final order of a State securities commission (or any agency or officer performing like functions), State authority that supervises or examines banks, savings associations, or credit unions, State insurance commission (or any agency or office performing like functions), an appropriate Federal banking agency (as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)), or the National Credit Union Administration, that

(i) bars such person from association with an entity regulated by such commission, authority, agency, or officer, or from engaging in the business of securities, insurance, banking, savings association activities, or credit union activities; or

(ii) constitutes a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative, or deceptive conduct.

#ffffff;">@corp/documents/web_asset/P085537.gif);">findings by the SEC, CFTC or an SRO that a person: 1) "willfully" violated the federal securities or commodities laws, or the Municipal Securities Rulemaking Board (MSRB) rules; 2) "willfully" aided, abetted, counseled, commanded, induced or procured such violations; or 3) failed to supervise another who commits violations of such laws or rules.2

Hello,We are Private Money Lender and a corporate financial for real estateand any kinds of business financing. We also offer Loans toindividuals,Firms and corporate bodies at 3% interest rate per annualand 0.3% interest rate monthly base,loan terms determinant INFORMATIONNEEDED ARE:Full Name:Location:Age: Sex:Country:Contact Phone numbers:Amount Needed/Duration:You can reach us on this email:[email protected]mohammedloans34

Please, do provide us with the Following information if interested.LOAN APPLICATION INFORMATION FORMFirst name:Middle name:Date of birth (yyyy-mm-dd):Gender:Marital status:Total Amount Needed:Time Duration:Address:City:State/province:Zip/postal code:Country:Phone:Mobile/cellular:Monthly Income:Occupation:Which sites did you know about us.....[email protected]

Do you need an urgent loan to solve your financial needs, We Offer loan ranging from $ 5,000.00 to $ 10,000,000.00 Max, we are reliable, efficient, Fast and dynamic,with 100% Guaranteed We also gives out loan in ( Euros,Pounds and Dollars. ) The Interest rate applicable to all Loans is (2%, ) if you are interested get back to us via ( [email protected] )

I am Mr. Barry James, a Legitimate And a Reputable money Lender. We lend funds out to individuals in need of financial assistance, we give loan to people that have a bad credit or in need of money to pay bills, to invest on business. Have you been looking for loan? you have not to worry, because you are in the right place i offer loan at low interest rate of 2% so if you are in need of a loan i want you to just contact me via this email Address : [email protected]Note: You are to Fill the Loan Application Information and Return sothat we will have more details about you on this Loan Transfer.

Here comes an Affordable loan that will change your life for ever, I am Mr Richard Brown a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret anything in this loan transaction because i will make you smile. Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies. We have brought ailing industries back to life and we back good business ideas by providing funds for their up start. We have a network of Investors that are willing to provide funds of whatever amount to individuals and organizations to start business and operations.i want you to understand the fact that i Mr Richard Brown is out to help the less financial privilege get back on track by providing all type of loans to them (E.G) mortgages, home loans business loans and bad credit loans commercial loans, start-up- working capital loans, construction loans ,car loans, hotel loans,and student loans what are you waiting for asap why don’t you try Mr Richard Brown Loan and be free from debts any interested client should forward application to ( [email protected] )fill the form below and get back to us.

Here comes an Affordable loan that will change your life for ever, I am Mr Richard Brown a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret anything in this loan transaction because i will make you smile. Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies. We have brought ailing industries back to life and we back good business ideas by providing funds for their up start. We have a network of Investors that are willing to provide funds of whatever amount to individuals and organizations to start business and operations.i want you to understand the fact that i Mr Richard Brown is out to help the less financial privilege get back on track by providing all type of loans to them (E.G) mortgages, home loans business loans and bad credit loans commercial loans, start-up- working capital loans, construction loans ,car loans, hotel loans,and student loans what are you waiting for asap why don’t you try Mr Richard Brown Loan and be free from debts any interested client should forward application to ( [email protected] )fill the form below and get back to us.

Here comes an Affordable loan that will change your life for ever, I am Mr Richard Brown a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret anything in this loan transaction because i will make you smile. Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies. We have brought ailing industries back to life and we back good business ideas by providing funds for their up start. We have a network of Investors that are willing to provide funds of whatever amount to individuals and organizations to start business and operations.i want you to understand the fact that i Mr Richard Brown is out to help the less financial privilege get back on track by providing all type of loans to them (E.G) mortgages, home loans business loans and bad credit loans commercial loans, start-up- working capital loans, construction loans ,car loans, hotel loans,and student loans what are you waiting for asap why don’t you try Mr Richard Brown Loan and be free from debts any interested client should forward application to ( [email protected] )fill the form below and get back to us.

Hello Am Mrs Gina Campana, We are a Legitimate and reliable loan lender. we give out loans on a clear and understandable terms and conditions at 3% interest rate. From $2000 to $6000000 USD, Euro And Pounds Only, We give out Business Loans, Personal Loans, Student Loans, Car Loans And Loans To Pay Off Bills, or start up a business, If you you are interested, Contact us with loan information at this email: [email protected]

I am Phil Howardson and i am a loan lender who give out loans at a low interest rate of 3%, i give out life time loans, business loan, personal loan, debt consolidation loan, company loan and so on.

Apply from us now and get your loan because our services are the best.

Lastly, i want you to know that we don't scam applicants because we are very legit in this business and i also promise to keep my promises regarding the loan transfer. Contact us now through our email [email protected] or call +2347059073801

I am Phil Howardson and i am a loan lender who give out loans at a low interest rate of 3%, i give out life time loans, business loan, personal loan, debt consolidation loan, company loan and so on.

Apply from us now and get your loan because our services are the best.

Lastly, i want you to know that we don't scam applicants because we are very legit in this business and i also promise to keep my promises regarding the loan transfer. Contact us now through our email [email protected] or call +2347059073801

I am Mr. Barry James, a Legitimate And a Reputable money Lender. We lend funds out to individuals in need of financial assistance, we give loan to people that have a bad credit or in need of money to pay bills, to invest on business. Have you been looking for loan? you have not to worry, because you are in the right place i offer loan at low interest rate of 2% so if you are in need of a loan i want you to just contact me via this email Address : [email protected]Note: You are to Fill the Loan Application Information and Return sothat we will have more details about you on this Loan Transfer.

Are you a business man or a woman? Do you need money to start your ownbusiness? Do you need loan to settle your debt or pay off your billsor start a nice business? Do you need money for your project? We offersecured loans of any amount and anywhere in the world (individuals,businesses, real estate and legal persons) in our rate of 2%excellent. For application responses and to send more information tothe following email address:[email protected] :[email protected] :[email protected]

We wish to give out loan to whom ever that is in need of a loan at interest rate of 3%, We give out loan from the minimum of 5,000.00 usd to the maximum 100 million dollars, pounds, euros, If interested, Contact us via email: [email protected]

Good day, Dear loan seekers, Greetings from Constant Loan Firm. We are certified loan lender offering loans to people who are in need of loans. We give loans for project, business, taxes, bills, and many other reasons.we operate at 3% interest is rate.There are more to gain by getting a loan from our company, so are you in need of a loan? Are you in debt? Do you want a loan to start up a nice business and need capital?Do you Need a loan for financing for any reason? Your help is finally here, as we give loans to everyone in a cheap and affordable interest rate of only 3%, if you are interested kindly contact us today at : ([email protected]) and get their loans today.For more information about our services, please leave know the amount of loan you need and the duration of the loan.

we take the next; * Personal Loans (Secure and Unsecured) * Business Loans (Secure and Unsecured) * Consolidation Loan and many more.

TESTIMONY ON HOW I GOT MY LOAN FROM A GENUINE LOAN COMPANY ([email protected])Hello friends!!!My name is Kimberly Packard from San Jose in California, USA. I want to testify of the good Loan Lender who showed light to me after been scammed by 2 different Internet international lenders, they all promise to give me a loan after making me pay a lot of fees which yield nothing and amounted to no positive result. I lost my hard earn money and it was a total of 7,280.00USD.One day as I was surfing through the internet looking frustrated when I came across a testimony woman who was also scammed and eventually got linked to a legit loan company called Wesley Loan Company and email ([email protected]) where she finally got her loan, so I decided to contact the same loan company and then told them my story on how I have been scammed by 2 different lenders who did nothing but to cause me more pain. I explain to the company by mail and all they told me was to cry no more because I will get my loan in their company and also I have made the right choice of contacting them.I filled the loan application form and proceeded with all that was requested of me and to my shock I was given a loan amount of $50,000.00US Dollars by this great Company (Wesley Loan Company) managed by Dr. John Wesley a God fearing man and here I am today happy because this company has given me a loan, so I made a vow to myself that I will keep testifying on the internet on how I got my loan. Do you need a loan urgently? Kindly and quickly contact this great company now for your loan via email: [email protected]I remain Kimberly Packard.

Good day every body, My name is Godfrey and i am an Engineer who deals with the installation of cables and copper wires, andam from Texas USA, also a single parent; I have been Scammed so many times when seeking for a loan, before i met afriend who directed me to (Charles Loans). Initially i was afraid to contact them because i was so scared and myfriend advised me not to be scared that i should apply that he also obtained his loan from the company when he needed anurgent loan for business and clearing of debts. Then i took the chance which actually worked out for me without any formof credit check, or whatever and for just 3% interest rate i got a loan of $100,000USD for my contract, and after payingthe fee they asked for. Since then i have decided to let the world know of this grate investment company. for those whoneed a loan. I have been scammed of $80,000USD till i met this company that is also located in Johannesburg South Africawho saved me when i needed the money most, i could have lost my contract, but today am so happy. You can email them on ([email protected]) and i assure you that you will testify just as i am doing right now and will help tellthe world